What is Cousins Pptys Inc's earnings per share (EPS)?

Cousins Pptys Inc (CUZ) reported diluted earnings per share of $0.24 for fiscal year 2025. This represents a -20.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cousins Pptys Inc Financials

CUZ

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Cousins Pptys Inc (CUZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CUZ FY2025 2026-04-29

Cousins runs a cash-generative, depreciation-heavy property model where reported earnings stay thin while assets keep funding payouts.

From FY2023 to FY2025, operating cash flow barely moved, rising from $368.4M to $402.3M, even as revenue and EBITDA expanded. Net income fell from $83.0M to $40.5M, so the widening gap points to a depreciation- and interest-heavy model where accounting earnings understate the cash the assets are producing.

In FY2025, dividends paid were $215.8M against operating cash flow of $402.3M, so the payout depended more on recurring cash inflow than on the much smaller reported profit. That distinction matters in a capital-heavy asset model, where book earnings can look weak without the underlying cash engine breaking.

The balance sheet keeps little idle liquidity—just $5.7M of cash at FY2025 year-end—while long-term debt reached $3.34B, meaning liquidity depends more on ongoing cash generation and financing access than on a cash cushion. Over the last three fiscal years, debt-to-equity moved from 0.5x to 0.7x, showing that leverage has been doing more of the work behind expansion.

Financial Health Signals

Financial Health Score 69/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cousins Pptys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Growth

Leverage

Interest Cov.

AFFO Margin

Dividend Cov.

Piotroski F-Score Partial

5/8

Cousins Pptys Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

9.93x

For every $1 of reported earnings, Cousins Pptys Inc generates $9.93 in operating cash flow ($402.3M OCF vs $40.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.2x

Cousins Pptys Inc earns $4.2 in operating income for every $1 of interest expense ($673.3M vs $159.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$993.8M

YoY+16.0%

5Y CAGR+6.1%

10Y CAGR+17.1%

Cousins Pptys Inc generated $993.8M in revenue in fiscal year 2025. This represents an increase of 16.0% from the prior year.

EBITDA

$1.1B

YoY+16.4%

5Y CAGR+7.0%

10Y CAGR+13.3%

Cousins Pptys Inc's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.4% from the prior year.

Net Income

$40.5M

YoY-11.9%

5Y CAGR-29.8%

10Y CAGR-10.7%

Cousins Pptys Inc reported $40.5M in net income in fiscal year 2025. This represents a decrease of 11.9% from the prior year.

EPS (Diluted)

$0.24

YoY-20.0%

5Y CAGR-31.6%

10Y CAGR-8.4%

Cousins Pptys Inc earned $0.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 20.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$135.0M

YoY-8.4%

Cousins Pptys Inc generated $135.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.4% from the prior year.

Cash & Debt

$5.7M

YoY-22.2%

5Y CAGR+5.9%

10Y CAGR+11.1%

Cousins Pptys Inc held $5.7M in cash against $3.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.28

YoY+0.0%

5Y CAGR+1.3%

10Y CAGR+14.9%

Cousins Pptys Inc paid $1.28 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

168M

YoY+0.2%

5Y CAGR+2.5%

10Y CAGR-2.3%

Cousins Pptys Inc had 168M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

68.3%

YoY+1.1pp

5Y CAGR+2.2pp

Cousins Pptys Inc's gross margin was 68.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.

Operating Margin

67.8%

YoY+1.2pp

5Y CAGR+2.1pp

10Y CAGR-50.3pp

Cousins Pptys Inc's operating margin was 67.8% in fiscal year 2025, reflecting core business profitability. This is up 1.2 percentage points from the prior year.

Net Margin

4.1%

YoY-1.3pp

5Y CAGR-28.0pp

10Y CAGR-57.3pp

Cousins Pptys Inc's net profit margin was 4.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity

0.9%

YoY-0.1pp

5Y CAGR-4.4pp

10Y CAGR-6.6pp

Cousins Pptys Inc's ROE was 0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$267.2M

YoY+5.7%

Cousins Pptys Inc invested $267.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.7% from the prior year.

CUZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$993.8M+16.0%	$856.8M+6.7%	$802.9M+5.3%	$762.3M+1.0%	$755.1M+2.0%	$740.3M
Cost of Revenue	$314.5M+12.1%	$280.7M+5.3%	$266.4M+3.1%	$258.4M-0.4%	$259.5M+3.4%	$250.8M
Gross Profit	$679.3M+17.9%	$576.1M+7.4%	$536.4M+6.5%	$503.9M+1.7%	$495.6M+1.3%	$489.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$673.3M+18.1%	$570.3M+7.4%	$531.1M+5.8%	$502.2M+1.7%	$493.7M+1.6%	$486.0M
Interest Expense	$159.2M+30.0%	$122.5M+16.1%	$105.5M+45.4%	$72.5M+8.2%	$67.0M+10.6%	$60.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$40.5M-11.9%	$46.0M-44.6%	$83.0M-50.3%	$166.8M-40.1%	$278.6M+17.4%	$237.3M
EPS (Diluted)	$0.24-20.0%	$0.30-45.5%	$0.55-50.5%	$1.11-40.6%	$1.87+16.9%	$1.60

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$263.1M+3.2%	$255.0M+2.7%	$248.3M+3.4%	$240.1M-4.1%	$250.3M+11.1%	$225.3M+7.7%	$209.2M-1.8%	$213.0M
Cost of Revenue	$82.6M-0.7%	$83.1M+3.9%	$80.0M+7.9%	$74.2M-3.9%	$77.2M+5.8%	$72.9M+10.5%	$66.0M-6.6%	$70.6M
Gross Profit	$180.5M+5.0%	$171.9M+2.1%	$168.3M+1.4%	$165.9M-4.2%	$173.2M+13.6%	$152.4M+6.4%	$143.2M+0.6%	$142.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$180.1M+4.6%	$172.2M+1.8%	$169.2M+1.5%	$166.7M+0.9%	$165.2M+11.4%	$148.3M+4.4%	$142.1M+0.5%	$141.3M
Interest Expense	$45.1M+6.2%	$42.5M+2.3%	$41.5M+7.7%	$38.5M+4.7%	$36.8M+11.3%	$33.1M+7.4%	$30.8M+3.5%	$29.7M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$24.9M-616.9%	-$3.5M-140.4%	$8.6M-40.7%	$14.5M-30.7%	$20.9M+53.2%	$13.6M+21.8%	$11.2M+42.8%	$7.8M
EPS (Diluted)	$-0.15	N/A	$0.05-44.4%	$0.09-25.0%	$0.12	N/A	$0.07+40.0%	$0.05

CUZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.9B+1.0%	$8.8B+15.3%	$7.6B+1.3%	$7.5B+3.1%	$7.3B+2.9%	$7.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$5.7M-22.2%	$7.3M+21.5%	$6.0M+17.5%	$5.1M-42.4%	$8.9M+108.3%	$4.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M
Total Liabilities	$4.2B+6.5%	$3.9B+27.4%	$3.1B+6.8%	$2.9B+6.6%	$2.7B+3.8%	$2.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.3B+7.9%	$3.1B+26.0%	$2.5B+5.3%	$2.3B+4.3%	$2.2B+3.5%	$2.2B
Total Equity	$4.7B-3.4%	$4.8B+7.1%	$4.5B-2.2%	$4.6B+1.3%	$4.6B+2.2%	$4.5B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$9.1B+2.2%	$8.9B-0.1%	$8.9B-1.7%	$9.1B+4.5%	$8.7B-1.6%	$8.8B+13.3%	$7.8B+0.9%	$7.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$6.3M+10.1%	$5.7M+22.4%	$4.7M-98.9%	$416.8M+7720.6%	$5.3M-27.5%	$7.3M-90.3%	$76.1M+1178.9%	$6.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M0.0%	$1.7M
Total Liabilities	$4.6B+8.8%	$4.2B+1.1%	$4.1B-2.5%	$4.3B+11.1%	$3.8B-2.7%	$3.9B+18.0%	$3.3B+3.3%	$3.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.8B+12.9%	$3.3B+0.9%	$3.3B-4.8%	$3.5B+15.1%	$3.0B-2.4%	$3.1B+16.3%	$2.7B+2.9%	$2.6B
Total Equity	$4.5B-3.6%	$4.7B-1.2%	$4.7B-0.9%	$4.8B-0.7%	$4.8B-0.7%	$4.8B+9.8%	$4.4B-0.8%	$4.5B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CUZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$402.3M+0.5%	$400.2M+8.7%	$368.4M+0.9%	$365.2M-6.2%	$389.5M+10.9%	$351.1M
Capital Expenditures	$267.2M+5.7%	$252.7M-9.6%	$279.5M-18.3%	$342.2M	N/A	N/A
Free Cash Flow	$135.0M-8.4%	$147.5M+66.0%	$88.8M+287.5%	$22.9M	N/A	N/A
Investing Cash Flow	-$425.7M+67.4%	-$1.3B-341.4%	-$295.7M+11.6%	-$334.5M-75.1%	-$191.1M-44.2%	-$132.5M
Financing Cash Flow	$21.8M-97.6%	$906.5M+1363.8%	-$71.7M-101.0%	-$35.7M+81.6%	-$194.4M+15.5%	-$230.1M
Dividends Paid	$215.8M+10.4%	$195.4M+0.5%	$194.3M+1.1%	$192.3M+5.2%	$182.8M+3.7%	$176.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$40.5M-64.7%	$114.5M-5.0%	$120.5M-1.7%	$122.6M+173.8%	$44.8M-65.3%	$129.0M+9.9%	$117.4M-6.5%	$125.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$323.0M-258.3%	-$90.1M+70.9%	-$310.1M-175.6%	-$112.5M-229.2%	$87.1M+108.3%	-$1.1B-1348.3%	-$72.6M+25.4%	-$97.3M
Financing Cash Flow	$283.1M+1316.1%	-$23.3M+89.5%	-$222.6M-155.4%	$401.5M+399.9%	-$133.9M-115.7%	$853.7M+3260.3%	$25.4M+191.8%	-$27.7M
Dividends Paid	$55.3M+2.9%	$53.7M0.0%	$53.8M0.0%	$53.7M-1.5%	$54.6M+12.1%	$48.7M0.0%	$48.7M-1.6%	$49.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CUZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	68.3%+1.1pp	67.2%+0.4pp	66.8%+0.7pp	66.1%+0.5pp	65.6%-0.5pp	66.1%
Operating Margin	67.8%+1.2pp	66.6%+0.4pp	66.1%+0.3pp	65.9%+0.5pp	65.4%-0.3pp	65.6%
Net Margin	4.1%-1.3pp	5.4%-5.0pp	10.3%-11.5pp	21.9%-15.0pp	36.9%+4.8pp	32.0%
Return on Equity	0.9%-0.1pp	0.9%-0.9pp	1.8%-1.8pp	3.6%-2.5pp	6.1%+0.8pp	5.3%
Return on Assets	0.5%-0.1pp	0.5%-0.6pp	1.1%-1.1pp	2.2%-1.6pp	3.8%+0.5pp	3.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.71+0.1	0.64+0.1	0.54+0.0	0.50+0.0	0.490.0	0.48
FCF Margin	13.6%-3.6pp	17.2%+6.1pp	11.1%+8.1pp	3.0%	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	68.6%+1.2pp	67.4%-0.4pp	67.8%-1.3pp	69.1%-0.1pp	69.2%+1.5pp	67.6%-0.8pp	68.5%+1.6pp	66.8%
Operating Margin	68.4%+0.9pp	67.5%-0.6pp	68.1%-1.3pp	69.4%+3.4pp	66.0%+0.2pp	65.8%-2.1pp	67.9%+1.6pp	66.3%
Net Margin	-9.4%-8.1pp	-1.4%-4.8pp	3.5%-2.6pp	6.0%-2.3pp	8.3%+2.3pp	6.0%+0.7pp	5.3%+1.7pp	3.7%
Return on Equity	-0.5%-0.5pp	-0.1%-0.3pp	0.2%-0.1pp	0.3%-0.1pp	0.4%+0.1pp	0.3%+0.0pp	0.3%+0.1pp	0.2%
Return on Assets	-0.3%-0.2pp	-0.0%-0.1pp	0.1%-0.1pp	0.2%-0.1pp	0.2%+0.1pp	0.1%+0.0pp	0.1%+0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.84+0.1	0.71+0.0	0.70-0.0	0.73+0.1	0.63-0.0	0.64+0.0	0.60+0.0	0.58
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Cousins Pptys Inc's annual revenue?

Cousins Pptys Inc (CUZ) reported $993.8M in total revenue for fiscal year 2025. This represents a 16.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cousins Pptys Inc's revenue growing?

Cousins Pptys Inc (CUZ) revenue grew by 16% year-over-year, from $856.8M to $993.8M in fiscal year 2025.

Is Cousins Pptys Inc profitable?

Yes, Cousins Pptys Inc (CUZ) reported a net income of $40.5M in fiscal year 2025, with a net profit margin of 4.1%.

What is Cousins Pptys Inc's EBITDA?

Cousins Pptys Inc (CUZ) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cousins Pptys Inc have?

As of fiscal year 2025, Cousins Pptys Inc (CUZ) had $5.7M in cash and equivalents against $3.3B in long-term debt.

What is Cousins Pptys Inc's gross margin?

Cousins Pptys Inc (CUZ) had a gross margin of 68.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cousins Pptys Inc's operating margin?

Cousins Pptys Inc (CUZ) had an operating margin of 67.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cousins Pptys Inc's net profit margin?

Cousins Pptys Inc (CUZ) had a net profit margin of 4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Cousins Pptys Inc pay dividends?

Yes, Cousins Pptys Inc (CUZ) paid $1.28 per share in dividends during fiscal year 2025.

What is Cousins Pptys Inc's return on equity (ROE)?

Cousins Pptys Inc (CUZ) has a return on equity of 0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cousins Pptys Inc's free cash flow?

Cousins Pptys Inc (CUZ) generated $135.0M in free cash flow during fiscal year 2025. This represents a -8.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cousins Pptys Inc's operating cash flow?

Cousins Pptys Inc (CUZ) generated $402.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cousins Pptys Inc's total assets?

Cousins Pptys Inc (CUZ) had $8.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cousins Pptys Inc's capital expenditures?

Cousins Pptys Inc (CUZ) invested $267.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Cousins Pptys Inc have outstanding?

Cousins Pptys Inc (CUZ) had 168M shares outstanding as of fiscal year 2025.

What is Cousins Pptys Inc's debt-to-equity ratio?

Cousins Pptys Inc (CUZ) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cousins Pptys Inc's return on assets (ROA)?

Cousins Pptys Inc (CUZ) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cousins Pptys Inc's Piotroski F-Score?

Cousins Pptys Inc (CUZ) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cousins Pptys Inc's earnings high quality?

Cousins Pptys Inc (CUZ) has an earnings quality ratio of 9.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cousins Pptys Inc cover its interest payments?

Cousins Pptys Inc (CUZ) has an interest coverage ratio of 4.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cousins Pptys Inc?

Cousins Pptys Inc (CUZ) scores 69 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.